How Did Roosevelt Fund Britain’s War When Loans Were Illegal?
Автор: Decision Points WW2
Загружено: 2025-12-27
Просмотров: 21
How Did Roosevelt Fund Britain’s War When Loans Were Illegal?
Before the U.S. entered WWII, American neutrality law restricted the kinds of financial help the U.S. could extend to belligerents — and Britain was running out of cash. The flashpoint is December 1940, when Roosevelt publicly sells a workaround (“lend a hose to a neighbor whose house is on fire”), and months later Lend-Lease legally authorizes the U.S. to transfer/lease/lend defense articles to countries vital to U.S. defense. Britain isn’t losing because of tanks — it’s losing because of a payment wall. Roosevelt’s “device” isn’t a weapon; it’s a definition: if you can’t “loan,” then don’t loan — lend/lease/transfer and push the payment into the future. It’s not “money printing”; it’s turning law into a supply pipeline (and convincing the public it’s self-defense).
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